zlacker

Russia-Ukraine war is being wound down and Russian sanctions will be lifted probably in the next 1-2 months. Crypto is the financial tissue that connects sanctioned entities to non-sanctioned Western banks. What you are seeing is Russians and other sanctioned entities dumping their coins since they won't be needed soon.

>>gfdklg+(OP)
This is quite a wild take — but I‘m willing to not dismiss it outright. Not that I’m in any position or capacity to know anything more than the next guy about these matters. But it has a „so wild it could actually be true“ vibe.

>>gfdklg+(OP)
I wonder if it's more tied to what's going on Iran. I remember in the twenty teens and the people I knew in China we using a bitcoin to family in Vancouver pipeline to get their money out. I have to assume the Iranians were doing something similar (and have heard rumors).